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Healthcare spending up as CMS continues push for hospital price transparency rule

from By Scott E. Rupp

U.S. healthcare spending rose 4.6% in 2018 to $3.6 trillion, a rate that's higher than in 2017 but near the same level as 2016. Healthcare spending didn't grow as fast as the nation's gross domestic product, so healthcare's share of the economy fell from 17.9% to 17.7%, according to data from the Centers for Medicare and Medicaid Services’ Office of the Actuary. The data, released annually, pointed to the increase brought on by the reinstatement of the Affordable Care Act's Health Insurance Tax, which was not in effect for 2017. more

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